Looking to balance out your exposure to SAABY? The ETFs below have the lowest correlation with SAABY — they tend to move on their own, which can help reduce risk when SAABY drops. The stock ideas table highlights individual companies that behave independently from SAABY.
Best Diversifiers for SAABY
6 ETFs have low correlation with SAABY (below 0.3), 1 of which are negatively correlated. The least correlated is iShares 0-3 Month Treasury Bond ETF (SGOV) (Ultrashort Bond) with a 1Y correlation of -0.08, roughly unchanged from -0.02 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares 0-3 Month Treasury Bond ETF | -0.08 | -0.06 | -0.02 | 100 | Ultrashort Bond | SAABY vs SGOV | |
| Vanguard Short-Term Inflation-Protected Securities... | 0.04 | 0.05 | 0.05 | 93 | Inflation-Protected Bonds | SAABY vs VTIP | |
| Invesco Optimum Yield Diversified Commodity Strate... | 0.10 | 0.08 | 0.07 | 76 | Commodities | SAABY vs PDBC | |
| Vanguard Total Stock Market ETF | 0.17 | 0.14 | 0.09 | 73 | Large Cap Blend Equities | SAABY vs VTI | |
| iShares Russell Midcap ETF | 0.18 | 0.16 | 0.10 | 53 | Mid Cap Growth Equities | SAABY vs IWR |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from SAABY, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to SAABY and solid risk/return profiles. The least correlated is PepsiCo, Inc. (PEP) (Consumer Defensive) with a 1Y correlation of -0.09, roughly unchanged from -0.02 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| PepsiCo, Inc. | -0.09 | -0.00 | -0.02 | 57 | Consumer Defensive | |
| Apple Inc | -0.05 | -0.00 | -0.00 | 90 | Technology | |
| Eli Lilly and Company | -0.01 | 0.02 | 0.01 | 75 | Healthcare | |
| Merck & Co., Inc. | -0.01 | 0.01 | -0.00 | 90 | Healthcare | |
| Amgen Inc. | -0.00 | 0.04 | 0.03 | 67 | Healthcare |
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